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As shown in H4 chart , the resistance level @79.20 reject the price into bearish direction and make the pair break the support level @61.8% so i expect the price could continue down again in the next few hours and till reach the support level 50% ,
Attachment 4536
Ye pair downtrend ke movement par hain par agar ye 80.71 touch hota hai to 81.21 tak jaa sakta hain. Maine 80.66 me sell kiya tha aur 80.12 me closed kar diya.
we have a support level on the daily chart @50% so i predict that this pair will move upward on the short term and i suggest buying this pair now our target point will be@61.8%.
we don't have any well-defended signal,but trend is upward.
Buy from 90.25
USDJPY had been rejected by the resistance level at 79.16 strongly yesterday. Then, it made USDJPY broke 78.61 support level too. Now, I think USDJPY may makes some correction, but if USDJPY can break 78.19 support level, this pair may continue falling to the lower support level at around 77.70
On the H1 chart, the price is under the EMA 12 and EMA 72 indicates the trend is down
RSI 50 is below 50 indicates momentum area trend is down
Recommendation: sell
range :78.58-77 .91
http://img14.imageshack.us/img14/4831/imageya.gif
Still rate USD / JPY oscillates around the levels of 78.00 and 78.25
SMA 55 presses at a higher price to continue the downward trend and stochastic tended to give a negative signal which could mean further downside in the short and medium overnight price to levels of 77.49
R1 78.46
R2 78.68
R3 78.90
Pivot 78.24
S1 78.02
S2 77.80
S3 77.58
USDJPY had been rejected by the support level at 78.19 yesterday.
But the rejection is not too strong. Then, I think USDJPY will try to touch that support level again today. If USDJPY can break that support, this pair may falls to the next support level at 77.70
Spoiler:
At the H4 chart, the price is between EMA 12 and EMA 72 indicates the trend is consolidation
RSI is above 50 area 50 indicates the trend is consolidation
Recommendation: wait and see
Range :78.65-77 .83